• Martine Paris interviewing Facebook's Kevin Weil at SF Blockchain Week (via @GCODigital).
    Libra

    Full speed ahead for Calibra, says Facebook’s Kevin Weil | Interview

    Libra’s co-creator on scaling blockchain for financial inclusion

    It’s been a pretty intense month for the Libra Association, whose stablecoin has come under intense scrutiny from the U.S. Congress and the G7 over fears of destabilizing the global financial system when it launches next year.

  • The moment Facebook CEO Mark Zuckerberg was asked in a congressional hearing if he was a socialist.
    Libra

    Mark Zuckerberg gets Waters-boarded at House hearing on Facebook’s Libra

    While drawing praise and condemnation for the stablecoin project, the social media giant’s CEO waved the flag and attacked China

    Mark Zuckerberg is a proud American. And Facebook, despite being used by 2.7 billion people around the globe, is first and foremost an American company with American values.

  • Facebook's chief seems to be losing, for once. (Anthony Quintano via Wikimedia Commons)
    Libra

    Despite being called ‘global threat’, Libra Association launches

    A signing ceremony by the cryptocurrency’s members was overshadowed by dropouts and a report calling stablecoins a threat to the global economy

    Facebook’s wounded Libra Association formally voted itself into existence on October 14, electing a board and choosing officers. The ceremony was overshadowed by the loss of seven original members including Mastercard and Visa.

  • Lucas Geiger said OpenLibra is going to hijack Libra, but in a "non-adversarial" way (Lane Rettig, via Twitter).
    Libra

    OpenLibra plans fork to create Facebook-free version of Libra stablecoin

    A group of blockchain developers threatened to split the Libra cryptocurrency’s blockchain and create a competitor free from corporate control

    Facebook’s Libra stablecoin may be years from becoming a reality, but that didn’t stop a group of blockchain companies calling itself OpenLibra from announcing plans to fork the stablecoin. News of the preemptive split came at the Ethereum developer conference Devcon 5 in Osaka, Japan on October 9. Lucas Geiger, co-founder of blockchain infrastructure firm Wireline, described the OpenLibra project, as aimed squarely at the corporate control of Libra. Essentially, OpenLibra would be pegged to the Libra coin, a cryptocurrency which will be backed by a basket of fiat currencies to keep its price level. Using the tagline “lock the door open,” the newly launched OpenLibra website called itself an…